REI HUB vs Quickbooks accounting software

[Brent Rieman]

Looking for advice on accounting software.  I currently use quickbooks online. Very frustrated with them, they keep raising cost, I think im up to 80$ a month now. Invoicing ACH payment cost have increased 10 fold.  I just feel like they are nickle and dimming me to death and every time I log it its trying to sell me something I dont want.  Im managing an 8 unit property doing about 110k a year gross.  

I started using rent redi this year and have been very happy with it. They have REI Hub built into their platform, softof anyway its cost extra. Anyone have any experience with it?

Thanks

[Nick Belsky]

@Brent Rieman

Never used REI Hub, but have been using QBO for several years now. I manage 5 doors and 4 LLCs under one umbrella company. QBO offers tagging which I use to separate each income stream. I tie all my business accounts so all transactions are captured. It took forever to gets the chart of accounts setup where they functioned properly for me and my CPA, but we have it working smoothly now. Even on the reporting side, you can default the reports to separate by tag to get easy monthly, quarterly, and yearly KPIs and totals for tax prep.

I do not use their ACH functionality.  Way too expensive, as you mentioned.  I do use their 1099 functions for sub contractors for a minimal, one time fee per contractor each year.  I run all ACH through my business banking account and it costs me nothing.  The transaction is synced with QBO and that's how I capture it.  I am only paying $24/month for QBO.  They are always going to try to sell your their extras, but if you can work around them with other resources, its not so bad at all.  I do NOT use TurboTax for syncing with taxes.

I doubt I'll find anything else to pull me away from QBO.  My CPA can login whenever as well to check on things quarterly.

Cheers!